Convergence is Everywhere. But Are We Really Connecting?

Here’s an updated video to the original Shift Happens video. The video was developed in partnership with the Economist and delves into interesting facts, trends and statistics that are shaping the media world around us.

It’s Been A While…

After way too much time away from the blogging scene – I’m back and in the game again!
Yes, it’s been awhile, but I haven’t lost my touch. I’ve been following the social networking scene and keeping up on my reading which has also been lots of fun to absorbing so much new information.

FeedBack 3.0: Have We Reached Full Transparency? (Think Not.)

In October, I posted an article “Consumer Say-All”, discussing the inherent footprints of Consumerism on Web 2.0, and how WOMMA (Word of Mouth Marketing Association) is taking actions to classify assorted forms of word-of-mouth and the correlative affect on online companies and businesses. The pressing question for the leading trend research company, TrendWatching.com, in their 2009 Trend Report is which major consumer trend will continue to give, or take? Interestingly, the third trend to be on the lookout for is dubbed “Feedback 3.0” and is apparently starting to make some waves in Web 2.0.

One of the earliest web phenomena was with the emergence of Feedback 1.0, which started with outraged consumers posting contemptuous product reviews, complaints and feedback, which was often to the delight of other ‘netizens’, and much to the dismay of brands. In the first round of the Feedback sphere, brands chose to remain unaware, and snub these ‘outburts’ from the consumer public, often dismissing what they saw as outburst and customer dissatisfaction. The internet has evolved from those early days, and now we find ourselves in the Feedback 2.0 where consumer rants and raves has become a norm, albeit the conversations being conducted are between the customers themselves, and not as yet as intended, among corporations and consumers. Most brands lurk in the murky shadows of consumer word-of-mouth trying to ‘learn’ from the flood of all-to-see review revolution. In 2009, trend experts are predicting Feedback 3.0, which encapsulates companies taking on the smart-business model and joining the conversation with consumers. We can expect companies to post apologies and solutions for discontented customers, and likewise, candid rebuttals for customers who post unfair or inaccurate reviews.

The conversation has started with some well-known brands that have taken the first steps towards the customer. TripAdvisor.com has created a management response feature that allows representatives of hotels, restaurants, and attractions to respond to consumer reviews if directly related to their property. Yelp.com, a local business review site, provides business owners with their own page to manage detailed information on their business, and to respond to reviewers in private. The abovementioned can also been seen at Bazaarvoice.com, where business owners can conduct direct conversations with customers who post negative reviews.

For years, conversation-expert research firms such as Feedback20.com and SalesForece.com have strongly argued in favor of ‘self-organized right of reply’, whereby businesses and brands setup a website for customers to engage in their own conversation, which is the only way to avert damning reviews exploding over the internet. For Dell and Starbucks this conversation has been taking place for quite some time on their sites, DellIdeaStorm.com and MyStarbucksIdea.com respectively – where anyone can post suggestions and feedback, only to receive direct replies from the companies themselves. General Motors has taken another theoretically unusual approach with GMfactsandfiction.com, a site that tackles propagating myths about the company and its current economic plight (Last time I checked, there was no comment feature enabled).

In the upcoming year, we can expect to see many corporations, businesses, and major brands jumping the open-conversations bandwagon. In the ubiquitous financial crisis it is interesting to note that many of these grandiose and omnipresent corporations of mammoth size are facing dismal prospects because the conversation should have started a long time ago, and for some in 2009, it may be too late to start talking.

The Profile “Borrowing” Phenomenon

To put it lightly, anyone can “borrow” personal profiles and information from others. It’s easy, and millions have already done it by simply performing cut, copy, and paste. Meet the one of the most challenging online identity issues – “Cut & Paste Personalities”.

In the U.S. alone, there are over 150 million people who visit social and professional networking sites. Common issues such as “borrowing” people’s profiles and identities are on the rise, with such large numbers of people looking to promote themselves on the web as distinctive brands. Representing yourself online and managing your reputation is not an easy matter, especially when the words you write about yourself are on the basis of how people perceive you. The esoteric belief that it is justified to copy other profiles is derived from the lack of inspiration, moral direction, and the pressure to over-represent ourselves on the web. The drive to be “different” contradicts this very tendency that infringes on others’ unique and inimitable content.

According to a MySpace.com study, there are more than 800 comments and complaints made by users that their entire profile was “stolen”. In a recent Internet survey commissioned by Engage.com, over 9% of respondents said they copied from another person’s profile, and 15% suspected that their own content was stolen. Donald McCabe, a founder of the Centre for Academic Integrity at Clemson University, conducted a survey and found that over 40% of university undergraduates confessed to copying directly from online sources. “People are still trying to develop a sense of how to represent themselves online,” says Joseph Walther, a communication professor at Michigan State University.

The Internet has become a tool for people worldwide to plagiarise and violate copyright issues. And, while there is no one solution for tracing authenticity on the web, we may want to start questioning our aesthetics, practices, authorship, originality, privacy, and most importantly – question ourselves.

The Periodic Table of Personality. (Don’t) Give Me Attitude.

No one has just one personality trait. But when it comes to describing the people around us – we usually rely on one predominant trait to sum up that person in just one word. We are all familiar with those solitary words that say it all: egoistic, pugnacious, spontaneous, assertive, narcissistic, amiable, dogmatist etc.

In order to do justice to these complex set of traits that are intertwined to create our personalities – it is first important to understand the fundamental definition of personality:

“…the sum total of the physical, mental, emotional, and social characteristics of an individual; organized pattern of behavioral characteristics of the individual.” [Source: Dictionary.com]

When it comes describing our personalities, we habitually presuppose that in order to do justice to our integrity we should depict ourselves as others want to perceive us. Interestingly, we try to lull ourselves into thinking that no number of words can possibly describe us entirely. You’d be remarkably surprised that it only takes 20 personality traits to fully describe every person in the world!

Mass-targeting has been one of the largest and most recognized penchants for marketing on the web. Online ad marketing agencies are exploiting and confounding the Internet today with mass-targeting strategies and appeal. On the other side of the marketing spectrum, there is micro-targeting with more effective strategies and payoffs that are principally overlooked. Which is exactly why brand advertisers have been conducting vast amounts of research to gain insight into their buyers mindset (personality traits), and understand what makes them tick, what speaks to them, and what they are interested in. This type of marketing efforts are translating research results into what is known as psychographic profiling – which have been powerful and proven predictive models for buyer behavior.

Just ask Mindset Media, former brand advertising agency, that has invented a proprietary psychographic planning & buying standard based on 20 most recognized personality traits. Each personality cell is divided into five levels of degrees, and everyone has some degree of all 20 traits, which is equivalent to their mindset. Accordingly, it is estimated that each mindset has approximately 2 million unique users in the U.S. alone. Individual mindset does matter – and plays a critical role in deciding what brands, products, and services we respond to. Based on large representative sampling, Mindset Media has conducted research that demonstrates a strong statistical correlation between personality traits and predicting buyer behaviour.

Here are some interesting facts based on Mindset Media research:

1. People with high self-esteem are 48% more likely to drink premium coffee at Starbucks.
2. Deliberate people pay off their credit cards more regularly.
3. Highly open people buy organic foods at nearly forty three the rate of the general population.
4. Assertive people are 58% more likely to read more than 3 magazines regularly.

This research can provide insight into how your personal brand does matter in your evolving understanding of who you really are. More Starbucks coffee, anyone?